Indiabulls Real Estate's net profit for Q2 increased 109% to Rs 821.08 million, though net sales declined 75.14% to Rs 180.03 million. The company's net profit margin improved to 456.08% from 54.22% in the previous fiscal year. Earnings per share increased to Rs 1.94 from Rs 0.87 in the same period last year. The stock price gained 2.5% closing at Rs 67.60 after touching a high of Rs 70.70 during the day's trading.

1. Indiabulls Real Estate's Net shoots 109% in Q2
Indiabulls Real Estate Ltd
22-Oct-2013 | Quarterly Result as on 30-Sep-2013
For the period, the Indiabulls Real Estate Ltd reported Net Sales of Rs 180.03 million and Net Profit of Rs 821.08 million. While Net Sales
declined by 75.14%, Net Profit grown by 109.11% and thereby NPM improved to 456.08% as compared to 54.22% during same period
previous FY Equity Capital for the period under consideration has decreased by 1.85% and stands at Rs 848.02 million. EPS as on 30-Sep.
2013 stands at Rs 1.94 viz-a-viz Rs 0.87 as on 30-Sep-2012.
The stock of the Indiabulls Real Estate Ltd at BSE opened at 66.20 touched a high 70.70 and low 65.75 before closing at 67.60 gaining 2.50%
over previous close. The trading volume for the stock at BSE stood at 3025246 shares and at NSE stood at 17374987 shares.
BSE
NSE
The S&P BSE Sensex closed today at 20864.97 (0.14% loss) and CNX Nifty closed at 6202.80 (0.03% loss).
Company Announcements
22-Oct-2013 02:34 PM Earnings Update
22-Oct-2013 02:32 PM Fixes Record Date for Second Interim Dividend
22-Oct-2013 02:29 PM Board declares Second Interim Dividend
22-Oct-2013 02:27 PM Announces Q2 results & Limited Review Report for the Quarter ended September 30,...
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